As an electrician in Arizona, having proper insurance coverage is essential for protecting your business, meeting state requirements, and securing contracts. Our comprehensive guide breaks down insurance costs and coverage options based on our analysis of over 1,200 electrical contractor quotes from leading carriers, providing you with accurate, data-driven insights for your business insurance needs.
Amp up your understanding by reading our guide to business electrician insurance.
General Liability Insurance for Arizona Electricians
General liability insurance protects electrical contractors from third-party claims of property damage and bodily injury. Based on our analysis of over 1,200 electrician insurance quotes, here are the typical costs for Arizona electricians:
| Revenue Level | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $1,300 | 0.9% | $900 | 31% |
| $500K | $3,700 | 0.7% | $3,300 | 11% |
| $1M | $7,700 | 0.8% | $6,800 | 12% |
These premiums assume:
- Clean claims history (5+ years without incidents)
- Standard $1M/$2M coverage limits
- Mix of residential and commercial electrical work
- Approximately 10% subcontractor costs
Key coverage includes:
- Property damage during electrical work
- Bodily injury to clients or bystanders
- Products and completed operations coverage
- Faulty workmanship protection
Worker’s Compensation Insurance for Arizona Electricians
Worker’s compensation insurance is required for Arizona electrical contractors with employees. Based on our analysis, Arizona electricians typically pay:
| Metric | Cost |
|---|---|
| Premium per Employee | $1,261 |
| Premium per $100K Payroll | $2,610 |
Key factors affecting premiums:
- Job classification codes (primarily 5190 for electricians)
- Total annual payroll
- Claims history and safety programs
- Experience modifier rating (EMR)
Additional Business Insurance for Electricians in Arizona
1. Tools & Equipment Coverage (Inland Marine)
- Annual premiums: $200-$2,000
- Coverage limits: $5,000-$15,000+
- Protects electrical tools and testing equipment
- Coverage for theft, damage, and loss
2. Commercial Auto Insurance
- Cost: $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K bodily injury, $100K property damage
- Higher limits recommended ($500K-$1M)
- Required for work vehicles
3. Electrician License Bonds
- Bond amounts: $5,000-$25,000
- Premium: 1-3% of bond amount
- Rates vary by credit score:
- Excellent credit: $100-$500
- Good credit: $150-$1,000
- Poor credit: $200-$2,500
4. Contractors’ E&O Insurance
- Annual premiums: $50-$500
- Coverage limits: $10,000-$1M+
- Protects against claims of faulty work
- Includes professional negligence coverage
5. Commercial Property Insurance
- Cost: $1,000-$5,000 annually
- Protects workshops and storage facilities
- Coverage for tools, equipment, and inventory
- Protection against fire, theft, and weather damage
Get Arizona Electrician Liability with ContractorNerd
ContractorNerd specializes in making insurance simple and data-driven for Arizona electricians. Our platform offers:
- Instant online quotes from top-rated carriers
- Side-by-side coverage comparisons
- Electrician-specific expertise and guidance
- Streamlined application process
- Claims advocacy when needed
Our team of electrical contractor insurance specialists can help you:
- Optimize coverage based on your specific risks
- Find competitive rates through our carrier network
- Bundle policies for additional savings
- Ensure compliance with state regulations
Visit our online quote tool or speak with one of our electrician insurance specialists today to get started with protecting your electrical contracting business with comprehensive, affordable coverage that meets Arizona state requirements.